Huawei revenue up 30% on smartphone, equipment growth

The Huawei Ascend Mate 7 is one of the mobile devices driving the company's growth in 2015.
Andrew Hoyle/CNET

China-based Huawei had a "healthy" first half of the year.

Huawei, which builds both smartphones and telecommunications equipment, including products used for cellular calls and data transfer, generated 175.9 billion yuan (about $28.3 billion) in revenue during the first six months of 2015, soaring 30 percent compared to the same period last year. Huawei reported that its operating margin -- a measure of its revenue and the costs of goods sold -- stood at 18 percent. The company didn't report its net income.

Huawei, one of the largest private companies in China, sells telecommunications equipment all over the world. In the telecommunications industry, Huawei has a range of competitors, including Ericsson and Nokia. The company also sells a range of mid- and high-end smartphones -- including the Mate 7 and P8 -- which face competition from local rivals like Xiaomi and worldwide contenders, including Apple and Samsung. Despite the competition, Huawei's earnings released Monday seem to show the company faring quite well.

Huawei's smartphones have proven to be particularly popular. Huawei is now the world's third-largest smartphone maker in the world, nabbing 7.6 percent of the space in the second quarter of 2015, data released on Monday by research firm TrendForce shows. Huawei is behind Samsung and Apple, which secured 26.8 percent and 16.4 percent of the global smartphone market, respectively.